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12/1/2011 8:02AM

Euro-Zone Crisis: Is the Endgame in Sight?

European Union leaders and institutions look to be hatching plan to solve the euro-zone crisis ahead of the EU summit next week. What will the plan look like and will it be sufficient? Simon Nixon and Costas Paris discuss the various options.

This transcript has been automatically generated and may not be 100% accurate.

I ... its objections to the ECB funding Italian bailout PCT through by the IMF ... ECB President Adia Doddy is also warned that ... the bomb threats is by the bank is back on limited ... um ... I love is not looking for friends Prime is to make the soft cozy ... to told about the Keech TTP ... street to to changes ... in species making too long ... later today ... um ... we finally getting close to a debt crisis great to ... when the two at the outset Simon Nixon and Costas Paris on ... I guess some advice on how important is this onto the bustle ... on the whole IMF issued by the Germans ... it is important because ... the ... key issue euro zone right now is to ... try to get these O'Neill's government-run salt I was becoming a very serious ... decline yields is still pretty close that some ... none of them are the real issues of as a credit crunch Broadway through the euro zone ... for the banking system will raise money ... and as result of a lending money ... which is keen to complete construction economic activity which is why you so to speak or they decide to buy back two c yesterday ... that saw nearly enough what's needed now ... is ... the isthe of ... the major ... intervention to help support our funding and joint did you start Coast economy and I think so what was saying right now ... is some ... hope that this is going to become the sun is this to be all ... the banks said the banks of all time ... to be in the sense that this sort of sort that excites the of ideas and it's good on that late in the meantime why they continue negotiations will ... result in the fall but she ... would use this new purchase a small ... small staff ... cuts in a bubble we've seen in the last few days is increasing so drumbeat ... of hundreds of songs that ... fit into something much bigger up in the once ... box as you say it all depends on getting the conduct of fiscal governance of the European Union writes the Getting of fiscal discipline instilled that long walk I think a lot of fun to ... sew costs is basically at the moment um we're still waiting to see what comes of it the ... key to this obviously is a unit on a bailout for the pizzas two to three hundred billion euro funding package to get ... on ... what do you think is the next move OK if the Germans are backing out isn't it does the ECB to step up have basically provide funds are needed for a bailout ... where noted for the past two years moving going to those of European Union meetings ... with high expectations and nothing minimal yet with lowercase and was below the lower ones for nothing ... it seems that the ... of that everybody has understood that the appeal the boat sinking ... however ... nobody wants to make the first man ... to say that so where we stand ... now is an understanding that only the CBD ... has the money ... to do something about ... the EFSF fell short of expectations and was expected ... the IMF is telling them ... that he doesn't have enough money to bail out ... another country ... so ... what we're looking at and ... then one of the Samaritan is being discussed ... his ECB funds being funneled to the IMF for some kind of a former not ... either special purpose vehicle ... or something Ilsley have to work this out ... so that the IMF op gets paid the dual citizens of the ECB raises the bonds can be I'm at the IMF is into it too is that unless the rise of the US and that's ... fine that's what Hezbollah is crazy half of the both of you is what will this actually do where does this leave the position of the EFSF was still having discussions have of whether now was to be extended to leverage all adults of this whole issue of the euro zone bonds this is me that these ... two issues Canal base can be dropped if ... the ECB and IMF are to be taking this on to ... Manassen is agreed that the vessel discussions about leveraging the EFSF announced on the table to the so the ... money coming from that whistle also ECB Cuts Caprikat on less money for too ... a little the country's far the deficit over the next big deal stable once as ECB is due ... to looking about ... and in Europe on so I think on ... they would never going to be a short something that would require Treaty changes ... I'm so that that Forest City something that holds a place but that the changes that they bought attention so I think ... I think that so ... um that's ... what what people would study ... of peak a moving car to the markets in the next week ... we start to get this could signal that is where the engine will be nothing that would be very powerful but think that that something will be something ... that I think the ECB ... actions will bite time ... for to be a solution which is ... what the markets into the US is it okay but she says the big political changes that need to be done ... on what ... we ... do we expect on this in terms of you increase the school has been holidaying tool the city ... has to convince ECB that okay now we'll go ahead and buy the bonds ... I mean yet we still seem to be not quite all mixed in ... well above what Germany ... what what the ECB worries about what Johnny Warren Truss moral houses ... they wanted the Lehman you put the money and ... the pressure will come off it cleanly summit countries to their forms ... and so ... that's why this is the crib is why this is always Bainimarama is the crucial ... vote before before your fourth ... um what don't you on to something absolutely cost on watch Titanic on jobs the scrutiny ... and then soaps ... and then finds a house to be something much of audio video hopes of fiscal sovereignty ... whereby the country ... can get where countries with a bit it is impossible to limit civil constrained some way by your plate or the euro zone ... meanwhile two key dates we have to milk was the CBD tunes and eight The was the summit summit on the sum of the night that mean ... the Watsons is do you think anyhow I see it coming out with something that will be seen ... as ... a ... key turning point was the aim is to describe ... various there isn't much time I mean the end of the fiscal discipline ... the German ones ... that's a prerequisite for details it's become very very fast ... are you know I understand that that that flatness already the subject that is because what was I about what is it ... that this fiscal discipline goals in place ... one of the violators will be trying to tell ... him I'll between the automatic some shows ... that separates overall ... but they have to get their act together then ... they have to get their act together because as the IMF ... was telling me the other day ... is what happens is ... ten days from now ... the things of bailout what would the money comes from exactly so I mean you seen the Fed will probably still some way from the key turning point said I think it will be some kind of a resolution about fiscal discipline ... on December eight knowing ... I may have ... to come up with something that's why ... they are implying that we use the formal oh well known ... majority of ... scientists of stock in their deciding quickly again it will give somebody a ... isn't it just ... takes the cake is a very substantial ... by funding for the ECB ... we'll find out today will software sees can be proposing to fiscal discipline ... will get some idea of what Walker that it is doable and tons of some of the month ... and the suspect we will get something to wear these enabled the IMF and ECB to be on the wall but I think it would be quite credible ... and so you relax and that is the market in Hopson lots of these countries to ICC that funding